08/09/2021

Aldrin Gonzales | August 8, 2021

S&P 500 (SPY) New highs with small range day. Russell 2000 (IWM) Still needs to clear 225 resistance. Dow (DIA) Needs to hold 351 as new support. Nasdaq (QQQ) Held its 10-DMA at 366.63 KRE (Regional Banks) Watching for a bullish phase change over the 50-DMA at 65.71. SMH (Semiconductors) 263.86 support area. IYT (Transportation) Cleared the 10-DMA at 251.51. IBB (Biotechnology) Closest support the 10-DMA at 167.86. XRT (Retail) Very choppy. Junk Bonds (JNK) 108.65 next support area. IYR (Real Estate) Showing resistance near highs.

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